Third Coast Bancshares Inc reports results for the quarter ended in September - Earnings Summary

Third Coast Bancshares

27/10/2022 24:33

* Third Coast Bancshares Inc  TCBX.OQ  reported quarterly
adjusted
earnings of 49 cents​​ per share for the quarter ended in
September. The mean expectation of four analysts for the quarter
was for earnings of 33 cents per share.
    * Revenue rose 47.6% to $33.89 million from a year ago;
analysts
expected $31.45 million. 
    * Third Coast Bancshares Inc's reported EPS for the quarter
was 49
cents​.
    * The mean earnings estimate of analysts had fallen by
about 24.4%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Third Coast Bancshares Inc shares had fallen by 0.2% this
quarter and lost 34.3% so far this year.
    * The company reported quarterly net income of $6.77
million.
    * Wall Street's median 12-month price target for Third Coast
Bancshares Inc is $23.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data October
26 at 11:33 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.33           0.49           Beat
 Jun. 30 2022      0.30           0.16           Missed
 Mar. 31 2022      0.17           0.15           Missed
 Dec. 31 2021      0.30           0.03           Missed